Ben Bernanke Quotes

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.

I don't think the market can keep going up. In the U.S., we see real estate not going up.. houses are selling at lower prices. You can't have anything going up 10 percent to 20 percent to 30 percent indefinitely.

Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.

It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use.

If we can get everybody working or as many as we can, you would be amazed at how many of our problems will disintegrate, go away.

So from the housing standpoint, steady as you go, I think, would be the best medicine.

In order to have the benefits of free trade, you must have full employment in the trading countries.

The American economy is like a huge aircraft carrier. It doen't turn fast. That's why you can't judge a new president by what happens in his early months.

We are determined to work in partnership with business not only towards our goal of full employment, but for more secure jobs for working people so they can get on and meet their aspirations.

With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.

I was just looking at moving to Cambridge, and a house I was looking at cost a million dollars. Because somehow, that's what a house costs. And I was thinking, "How can it be?" And I was thinking, "What am I doing? Am I going to be Niall Ferguson, that horrible man?

The full employment situation reinforces itself.

If we provide employment to people, if we ensure there's food on their plates, if we provide them with facilities and give them education, all the tension will end. And this is why, all those who want good for the nation, I request them to compete towards development and for development. This atmosphere should be created in India and I think such an environment is being created nowadays.

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.

[Obama White House] rescued the economy from the worst recession.

I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.

I think we did a really good job in saving this economy and putting us back on the track of growth.

There is no inherent mechanism in our present system which can with certainty prevent competitive sectional bargaining for wages from setting up a vicious spiral of rising prices under full employment.

What is worrisome about that is the U.S. standard of living. I think it is very difficult to envision our standard of living being preserved if we are in an economy where all people do is flip hamburgers, wait on people in stores, and sue each other. It’s not much of a basis for an economy.

I believe strongly that we need a finance industry that is good for the economy, and I don't think anybody would argue that during the eight years leading up to the Great Recession, a lot of bets were made [and] risks taken that weren't good for the economy.

The recession is over." This phrase has been used twice a year since 1973 by government leaders throughout the West. Its meaning is unclear. See: Depression.

I think that one thing that people are missing is that we are never going to be able to fix this country's [American] economy in the long run until we fix our public education system.

I think that in the last eight years, we were averaging economic growth of about 2 percent. It's not good. It's very slow. It's a slow pace. People are expecting that pace to continue if Hillary Clinton becomes president.

I don't think that [normalization] necessarily is going to damage the emerging economies.

Usually, something that is fairly expected is already factored in. I also think that you have to think that America is raising rates because the economy is getting stronger.